Ethereum Gas Prices are High Because People are Using it and if other chains suffer the same traffic, fees will go high too

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Ethereum Gas Prices are High Because People are Using it and if other chains suffer the same traffic, fees will go high too

This is plain wrong.

Out of all blockchains, Stellar processes the most transactions. Yes, even higher than Ethereum.

The fees? Fraction of a cent. In terms of XLM, that is 0.00001 XLM/tx.

And yes transactions include all kinds of operations including DEX trades.

Other chains also have lower fees despite having massive traffic such as Solana and Terra.

The real deal: Ethereum is inefficient at the moment and it needs to scale. Of course there are layer 2 solutions but they are useless when sending from L1 to L2 costs a lot too. Let’s stop pretending fees are fun and Ethereum doesn’t have problems.

submitted by /u/pieceofpineapple
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